Federated Hermes Inc. Sells 87 Shares of IES Holdings, Inc. (NASDAQ:IESC)

Federated Hermes Inc. lessened its position in shares of IES Holdings, Inc. (NASDAQ:IESC) by 27.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 227 shares of the technology company’s stock after selling 87 shares during the quarter. Federated Hermes Inc.’s holdings in IES were worth $46,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. J.Safra Asset Management Corp lifted its holdings in shares of IES by 56.8% during the 4th quarter. J.Safra Asset Management Corp now owns 138 shares of the technology company’s stock valued at $28,000 after purchasing an additional 50 shares during the last quarter. Smithfield Trust Co acquired a new stake in IES in the fourth quarter worth about $34,000. National Bank of Canada FI purchased a new stake in shares of IES during the fourth quarter worth about $54,000. Harbour Investments Inc. purchased a new stake in IES during the 4th quarter worth approximately $71,000. Finally, Jones Financial Companies Lllp acquired a new position in IES during the 4th quarter valued at approximately $74,000. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut IES from a “buy” rating to a “hold” rating in a research report on Friday, March 14th.

IES Stock Down 1.7 %

Shares of IESC stock opened at $183.00 on Friday. The business has a 50-day simple moving average of $182.89 and a 200-day simple moving average of $220.42. The stock has a market cap of $3.66 billion, a PE ratio of 17.04 and a beta of 1.51. IES Holdings, Inc. has a 52-week low of $115.12 and a 52-week high of $320.09.

IES (NASDAQ:IESC) last posted its earnings results on Tuesday, February 4th. The technology company reported $2.64 earnings per share for the quarter. IES had a net margin of 7.30% and a return on equity of 35.81%.

IES Profile

IES Holdings, Inc engages in the design and installation of integrated electrical and technology systems, and provides infrastructure products and services in the United States. The Communications segment designs, installs, and maintains network infrastructure within data centers for co-location and managed hosting customers; corporate, educational, financial, hospitality, and healthcare buildings; e-commerce distribution centers; and high-tech manufacturing facilities.